
Sheldon Barnes
For Sale — 12465 Silver Bay Circle, Indianapolis, IN 4623612465 Silver Bay Circle
Indianapolis, Indiana 46236
Admirals Bay
6
Beds
5
Baths
5,279
Sq Ft
1996
Year Built
0.43
Acres
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ABOUT THIS HOME
A rare opportunity on Geist Reservoir with one of the most sought-after features in the area, a deeded boat dock. This 6 bedroom, 5 full bathroom home offers 5,279 square feet designed to fully capture the lake lifestyle. Direct water access allows for effortless boating, entertaining, and everyday enjoyment on Geist, setting this property apart from anything else on the market. Inside, the main level features an open-concept layout anchored by an updated kitchen with stainless steel appliances, extensive cabinetry, a large center island, and walk-in pantry. A double-sided fireplace connects the kitchen and great room, while soaring ceilings and expansive windows bring in natural light and highlight the views. The layout offers flexibility with a main-level bedroom and full bath, ideal for guests or multigenerational living, along with a private office with French doors and a formal dining room with butler's pantry. Dual staircases add both convenience and architectural appeal. Upstairs, the primary suite is expansive with tray ceilings, a large en-suite bath featuring a jacuzzi tub and dual-head shower, and a walk-in closet with additional space for storage or expansion. Additional bedrooms include both en-suite and Jack-and-Jill configurations, plus a conveniently located laundry room. The walk-out lower level is built for entertaining, complete with a full wet bar, multiple living areas, built-in speakers, and direct access to the patio. A sixth bedroom and full bath provide excellent space for guests or extended stays. With a large deck, quality finishes throughout, and a layout designed for both everyday living and entertaining, this home delivers. The deeded dock on Geist Reservoir is the centerpiece, ideally positioned in one of the most desirable coves just off the main body. Centrally located on the reservoir, it offers quick access to the Marina, Wolfies Grill, and the full lake, delivering a lifestyle that few properties can match.
Key things to know
- Deeded boat dock on geist reservoir
- Walk-out basement with wet bar and built-in speakers
- Main-level bedroom and bath for guests or multigenerational living
- Primary suite with jacuzzi tub and dual-head shower
- Open-concept kitchen with island and walk-in pantry
Browse by room
16 rooms · 60 photos
Monthly payment
Estimate · $950,000
$5,778/mo
≈ $5,056 principal & interest · $678 tax · $44 HOA
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $190,000 on a loan of $760,000.
Price history
- Price reduced$975,000 → $950,000
Apr 24, 2026
- Listedat $975,000
Apr 10, 2026
Admirals Bay · activity
past 6 months
- Sold
- 6
- Median price
- $495,000
- Median DOM
- 19 days
Recent comparable sales

$734,000
10919 Running Tide Court
5bd · 5ba · 5,333 sqft
Sold May 2026

$510,000
7228 River Birch Lane
5bd · 4ba · 3,916 sqft
Sold Apr 2026

$664,400
6535 Royal Oakland Place
5bd · 5ba · 5,415 sqft
Sold Apr 2026

$1,650,000
8635 Sturgen Bay Lane
5bd · 5ba · 5,563 sqft
Sold Apr 2026

$1,395,000
8620 Key Harbour Drive
5bd · 5ba · 6,760 sqft
Sold Mar 2026
Comparative value
5 comps in this range
This home is 29% above median for similar nearby sales.
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Interior
Exterior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$975,000Listed· Apr 10, 2026
$950,000Reduced
↓ $25,000 (2.6% off original)
15 days on market
Layout
Primary suite
Closet Walk in,Fireplace,Sitting Room
Primary bath
Shower Stall Full,Sinks Double,Suite,Tub Whirlpool
Schools
MSD Lawrence Township
Elementary
Amy Beverland Elementary
Middle
Belzer Middle School
High
Lawrence Central High School
Neighborhood
- Fishers High School4.8 mi
- Conner Prairie4.9 mi
- Hamilton Southeastern HS5.1 mi
- Hamilton Town Center5.3 mi
- IU Health North Hospital7.5 mi
- Monon Trail (Carmel)9.7 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
5,279 sq ft
Year Built
1996
Stories
Two
Subdivision
Admirals Bay
Bedrooms
6
Bathrooms
5 full
Garage
3 spaces
School District
MSD Lawrence Township
